Che the rollowing information te anvwer questions 7167 J. Ce Couporation manufactures high qualiry execotive bill point pens and has the fothom in information available for the month of Julyz Work in process, July 3 f.r ( 100% complete for materials, and 20%6 complete for conversion costs) Work in process, July 311 7. During July, JoEB completed units? A. 101,000 units B. 101,700 units C. 108,000 units D. 107,000 units 8. Total equivalent units for Direct Materials are and for conversion costs are A. 108,000 equivalent units for both direct materials conversion costs B. 102,400 equivalent units for both direct materials and conversion costs C. 108,000 equivalent units for direct materials and 102,400 equivalent units for D. 108,000 equivalent units for direct materials and 106,000 equivalent units for conversion costs conversion costs 9. Cost per equivalent unit (EU) is: A. Direct Materials: \$1.12305 per EU; Conversion Costs: $4.15039 per EU B. Direct Materials: $1.06481 per EU; Conversion Costs: $4.15039 per EU C. Direct Materials: $1.06481 per EU; Conversion Costs: $4.00943 per EU D. Direct Materials: $2.08333 per EU; Conversion Costs: $3.07617 per EU 10. The total cost for the completed units is (each completed unit costs Sxxx and the total amount of all completed units is $xxx)... show your calculation: Bonus 1: Record the joumal entry to be made for July; assume that this is the last process in manufacturing before the items are finished. Bonus 2: What is the balance remaining in the Work in Process account on July 31st after the cost of the completed units is transferred to Finished Goods Inventory? Che the rollowing information te anvwer questions 7167 J. Ce Couporation manufactures high qualiry execotive bill point pens and has the fothom in information available for the month of Julyz Work in process, July 3 f.r ( 100% complete for materials, and 20%6 complete for conversion costs) Work in process, July 311 7. During July, JoEB completed units? A. 101,000 units B. 101,700 units C. 108,000 units D. 107,000 units 8. Total equivalent units for Direct Materials are and for conversion costs are A. 108,000 equivalent units for both direct materials conversion costs B. 102,400 equivalent units for both direct materials and conversion costs C. 108,000 equivalent units for direct materials and 102,400 equivalent units for D. 108,000 equivalent units for direct materials and 106,000 equivalent units for conversion costs conversion costs 9. Cost per equivalent unit (EU) is: A. Direct Materials: \$1.12305 per EU; Conversion Costs: $4.15039 per EU B. Direct Materials: $1.06481 per EU; Conversion Costs: $4.15039 per EU C. Direct Materials: $1.06481 per EU; Conversion Costs: $4.00943 per EU D. Direct Materials: $2.08333 per EU; Conversion Costs: $3.07617 per EU 10. The total cost for the completed units is (each completed unit costs Sxxx and the total amount of all completed units is $xxx)... show your calculation: Bonus 1: Record the joumal entry to be made for July; assume that this is the last process in manufacturing before the items are finished. Bonus 2: What is the balance remaining in the Work in Process account on July 31st after the cost of the completed units is transferred to Finished Goods Inventory
